I often break it down into the "five pillars" of protecting your assets.The first pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments - these simple steps will help you prevent lawsuits before they even occur.The second pillar is a good insurance policy as that cover the majority of your exposure.

One of the most concerning factors is the question of how you can protect yourself from lawsuits stemming from properties you may never step foot on.

Sounds like you know that you are supposed to have your properties titled in LLC's but law suits are something that happen to other landlords, right?

Statistically speaking, you have a high chance of facing a lawsuit with that number of units of the next 10 years.

Do you know how much you could lose in a lawsuit from a tenant?

This is what we do for our clients as it avoids any due on sale concerns(technically the property remains in your control) and it can make you anonymous as the owner(helps protect you and your LLC from lawsuits stemming from the property).

They’re calling it the mother in law suite code violation?

I will be careful with safety as one lawsuit from your tenant will wipe out your life savings and equity.

My suggestion is to not waste any more time and proceed to FC.As far as mitigating the risk of the lawsuit, the best thing you can do is to make sure you and your servicer (as much as you can) are 100% compliant and doing everything by the book.

Recently as of January I have once again started sending out blind offers to vacant land owners and tax delinquent properties, but most of my properties have been obtained by searching the county records for properties tied up with lawsuits.